Italy’s Eni, Snam, CDP ink deal to work on energy transition projects

Italy’s Eni, Snam, CDP ink deal to work on energy transition projects

Italy's Eni, Snam, CDP ink deal to work on energy transition projects To produce, transport and market green hydrogen and use hydrogen for rail transport    The logo of Italian energy company Eni is seen at the booth of Eni during the Nigeria International Petroleum Summit in Abuja, Nigeria February 10, 2020.MILAN- Italian energy companies Eni and Snam have reached an agreement with state-lender Cassa Depositi e Prestiti (CDP) to work together on a series of energy transition projects.In a joint statement the three groups said the agreement included plans to team up to produce, transport and market green hydrogen and use hydrogen for rail transport.Italy is targeting investments of around 10 billion euros in hydrogen to 2030 as part of its strategy to help decarbonise the economy as it moves to phase out coal and boost green energy.(Reporting by Stephen Jewkes, editing by Maria Pia Quaglia) (([email protected]; +39.0266129695; Reuters Messaging: [email protected]))Zawya CoverageequitiesAbu Dhabi's Aldar sells two district cooling facilities to Tabreed for $262mlnmorning briefingWednesday Outlook: Stock futures dip; oil prices falllogisticsOutlook: UAE, GCC logistics industry set to rebound after pandemic downturnhealthDubai announces free Pfizer-BioNTech vaccination campaignreal estateDubai property prices decline by 0.9%, rents fall by 6.9% in Q3 -